Breadth Battles and Holds Better Than Expected

I expected to see breadth beaten up and was planning on doing an early release, but in fact, we continue to hold pretty nicely.  I wanted to see overnight market action to add to my comments and the markets have slid sideways in a narrow range.

The Zweig was hardly touched, the bottom line looks very defended.  I wanted to get to the oversold area which now seems very far away.

A little downside break on the CVI”

Same pattern on the 40 DPI:

NHs/NLs sitting on the 50 line.  It is all about bearish follow-through today:

Trenders remain bullish neutral: